Oil production from the nation’s major oil producing areas, including the Anadarkao Basin and the Permian Basin, is expected to decline in the coming months according to a new federal government report.
The Anadarko’s daily production is forecast to fall from 436,000 barrels a day to 434,000 barrels daily by September. The production in the Permian Basin, based on the report by the U.S. Energy Information Administration, is forecast to drop from 5,812,000 barrels a day to 5,799,000 barrels a day.
Production in the Eagle Ford play of South Texas is also forecast to decline in September.
While predicting a drop in total oil production, the EIA forecast that new wells in the Anadarko and Permian Basins will see a slight increase in their daily oil ouput.